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Smart Gas Meter Market Share

Report ID: GMI1234
Published Date: Mar 2022
Report Format: PDF

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Smart Gas Meter Market Share

Inorganic growth ventures, acquisitions, partnerships, joint ventures, and contracts among key players will enhance the industry outlook. For instance, in August 2021, Landis+Gyr entered into a five-year contract with Louisville Gas and Electric Company and Kentucky Utilities Company to offer its smart metering & smart grid infrastructures. Under the contract, the company will provide 300,000 gas modules and 930,000 advanced electric meters, followed by associated network equipment software.

Eminent players operating across the smart gas meter market include

Honeywell International, Inc.
Osaki Electric Co., Ltd.
Itron, Inc.
Landis+Gyr
Sensus
Aclara Technologies LLC
Schneider Electric SE
Apator SA
Raychem RPG Private Limited
Neptune Technology Group, Inc.
Chint Group
Zenner International GmbH & Co., KG
Wasion Group
Azbil Kimmon Co., Ltd.
AEM

Authors: Ankit Gupta, Shubhankar Dimri

Frequently Asked Questions (FAQ) :

The market size of smart gas meter crossed USD 6.4 billion in 2023 and will witness a CAGR of over 17.3% through 2032, driven by a higher need to monitor & calculate the overall gas consumption.

The market revenue of residential smart gas meters is expected to exceed USD 5 billion by 2028 on account of the thriving need for end-to-end web monitoring technologies and the mounting consumer awareness regarding effective gas management.

The AMI smart gas meters segment is likely to depict growth at a CAGR of more than 24% between 2022 and 2028 due to the rising investments led by utilities.

Europe is anticipated to account for a significant market share by 2028 impelled by the regulation of severe government mandates and rise in the number of metering programs for replacing the existing devices with intelligent IoT-based metering solutions.